Medical Alert System/Personal Emergency Response System Market Global Forecast to 2023 Says a New Research Report at ReportsnReports

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PUNE, India, September 5, 2017 /PRNewswire/ --

The personal emergency response system (PERS) market is forecast to reach $9.22 billion by 2023 from $6.18 billion in 2016 at a CAGR of 5.7% during (2017-2023) driven by the increasing aging population and adoption of PERS as a supportive tool for independent living, technological developments in healthcare wearable, advancement in communication and connectivity technologies and mobility benefits.

Browse 71 Market Data Tables and 34 Figures spread through 150 Pages and in-depth TOC on "Medical Alert System/Personal Emergency Response System Market - Global Forecast to 2023" http://www.reportsnreports.com/reports/443551-medical-alert-systems-personal-emergency-response-system-pers-market-by-type-landline-pers-mobile-pers-mpers-standalone-pers-by-end-user-home-based-senior-living-facilities-and-assisted-living-facilities-and-by-geography-global-forecast.html .

The prominent players in the PERS market are Koninklijke Philips N.V. (Netherlands), ADT Corporation (US), Tunstall Healthcare Group Ltd. (UK), Valued Relationships, Inc. (US), Medical Guardian LLC (US), Nortek Security & Control LLC. (US), Legrand Assisted Living & Healthcare (UK), Alertone Services, LLC (US), LifeStation, Inc. (US), Bay Alarm Medical (US), LifeFone (US), Great Call (US), Guardian Alarm (US), Connect America (US), Life Alert Emergency Response, Inc. (US), and Mobile Help (US).

The North America and Europe are the major regions for the growth of the PERS market. North America held the largest share of the PERS market in 2016. Europe is also one of the potential regions for the overall PERS market. Asia Pacific (APAC) is expected to register the highest CAGR in the PERS market during the forecast period. In North America, the reimbursement policies and government regulations are conducive to the development of the home healthcare sector, which is also a significant driver for the increased sales of personal emergency response system (PERS), especially among senior citizens with limited income or meager pension.

Make an Inquiry on Medical Alert System/Personal Emergency Response System Market by Type (Landline, Mobile, Standalone), End User (Home-Based Users, Senior Living Facilities, and Assisted Living Facilities), and Geography - Global Forecast to 2023 research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=443551 .

The technological developments in healthcare wearables and constant innovations in technology and easy adaptability of medical alert devices are fostering the growth of PERS market. There has been a continuous improvement in PERS technologies such as smart phone application, wearable devices, auto-fall detection sensors, and enhanced global positioning system (GPS), which helps senior citizens to access PERS devices easily and conveniently. Substantial advancements in both the medical and technological fields have contributed significantly to increasing the life expectancy, as people are living longer, healthier lives. Advancements in personal safety monitoring technology have expanded the market and provided home security dealers the opportunity to expand traditional security offerings.

The increasing aging population across the globe and favorable healthcare reforms are fostering the growth of the PERS market. However, the occurrence of the false alarm in the personal emergency response system is a restraining factor inhibiting the growth of the PERS market.

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In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (23%), Tier 2 (34%) and Tier 3 (43%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (35%), Director Level (29%), and Others (36%) from various key organizations operating in the medical alert system/personal emergency response system market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (26%), Asia Pacific (17%), and RoW (12%).

Research Coverage: The report estimates the market size and future growth potential of the PERS market across different segments such as type, end user, and geography. Moreover, the report includes the industry trends, market dynamics, and competitive analysis of the key players in the PERS market, along with their company profiles, competitive leadership mapping, and recent developments.

Another research titled Fall Detection System Market Global Forecast to 2022 says, the fall detection system market is expected to reach $497.3 million by 2022, at a CAGR of 5.58% between 2017 and 2022. Multimodal sensor expected to witness the highest growth rate during the forecast period. Fall detection system for wearable system expected to hold the largest market share during the forecast period. APAC and North America expected to be the fastest-growing and the largest markets, respectively, during the forecast period. Companies such as Koninklijke Philips N.V. (Netherlands), Connect America (US), The ADT Corporation (US), Tunstall Healthcare Group Ltd. (UK), Medical Guardian LLC (US), Bay Alarm Medical (US), Singapore Technologies Electronics Limited (Singapore), MobileHelp (US), MariGroup Oy (Finland), Mytrex, Inc. dba Rescue Alert (US), Semtech Corporation (Netherlands), AlertOne Services, LLC (US), LifeFone (US) have been profiled in this 154 pages research report available at http://www.reportsnreports.com/reports/1002256-fall-detection-system-market-by-component-accelerometer-gyroscope-unimodal-bimodal-multimodal-sensors-algorithm-simple-threshold-machine-learning-system-in-home-landline-in-home-cellular-wearable-end-st-to-2022.html .

Explore more reports on Medical Devices Market at http://www.reportsnreports.com/market-research/medical-devices/ .

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